Concubine Space Single Strategy
Last night, the concubine made a surge, and it was obvious that it came down before reaching the resistance level. Today is Christmas, and it is very likely to be a Christmas disaster 😅
The upward trend is very clear, with a simultaneous increase and distribution. When it reached the resistance level, the upward trend noticeably slowed down, and the market maker started selling. Looking at the 4-hour chart, there is a spike above, and the bullish force is insufficient. Moreover, many were bearish yesterday, with quite a few retail investors shorting at the halfway point. If they lack patience, they might end up cutting losses. Of course, there are also high shorts lying in wait. In the short term, it is still rising, so everyone can pay attention to the area around 3500; it could be a good point to position for a wave.
